January 26, 2021

Unitus Ventures will get Rs 75 crore in investments from SIDBI

BENGALURU: Unitus Ventures has received Rs 75 crore in investments beneath the SIDBI’s Fund of Funds for Startups, the enterprise fund mentioned on Tuesday.

Out of this, it introduced Rs 8.5 crore funding in Masai Faculty, a startup focussing ed-tech options. The recent funding will strengthen the second fund, launched in 2018, it mentioned in a press launch.

The fund II will spend money on 15-20 startups in early and scale-up levels, and the main focus shall be on stellar groups, mentioned Srikrishna Ramamoorthy, associate at Unitus Ventures. The fund II focusses startups creating platforms that join job seekers with employers.

Raj and Indra Nooyi, and former Cognizant CEO Lakshmi Narayanan are a few of the new traders who be part of present traders akin to Gates Ventures family workplace, the Michael & Susan Dell Basis and Hemendra Kothari in Fund II, the press launch added.